UK-listed firms will not have to meet tough US financial rules if the London Stock Exchange is bought by a US rival, the UK financial watchdog has said.
The Financial Services Authority (FSA) said it had reached this view following talks with US regulators.
However, the FSA added that, in theory, a foreign buyer could remove the LSE from UK regulation in the long run.
US market-operator Nasdaq has built up a 25% stake in the LSE after a proposed bid for the exchange was turned down.
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